KeyBanc Starts CalAtlantic Group (CAA) at Sector Weight

KeyBanc initiated coverage on CalAtlantic Group (NYSE: CAA) with a Sector Weight rating.

Analyst Kenneth R. Zener said, "We are initiating coverage of CalAtlantic (CAA), the 4th-largest U.S. homebuilder following the merger between Standard Pacific and Ryland on October 1st. CAA's EBIT exposure to CA/Western regions (~60% of EBIT) is well positioned amid slowing in other regions, yet we are cautious near term as potential headwinds (integration risk, purchase accounting, macro headwinds) remain. CAA reports 3Q15 results on November 5th and will offer greater clarity on proforma results and prospects."

For an analyst ratings summary and ratings history on CalAtlantic Group click here. For more ratings news on CalAtlantic Group click here.

Shares of CalAtlantic Group closed at $42.01 yesterday.

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